Page 4 - Indian Investments Into Gcc
Co-working spaces set to expand capacity in 12-24 months as demand rises
WeWork plans to inaugurate its first building in Chennai in early June. Currently, the company is spread out across 54 locations with more than 90,000 desks across seven cities
Aster DM's deal to separate India and GCC businesses nears completion
In November 2023, Aster DM had received corporate approvals to separate its India and Gulf Cooperation Council (GCC) businesses into two distinct and standalone entities
Tapping into India's talent, global capability centres eye revenue goldmine
India is home to more than 1,580 GCCs, with a total market size of $46 billion
Indian GCC model changing from execution-driven to taking ownership
Indian GCCs have become "value amplifiers" for their global headquarters
Ministry asked to tap over 3.5 mn overseas jobs: House Panel report
Operationalise 30 Skill India International Centres by March: House Panel
Volkswagen Group's India unit looking to introduce entry-level electric SUV
The carmaker is looking at exporting the new EV to southeast Asia, Gulf Cooperation Council (GCC) countries and North Africa
E-auction announced for developed vacant plots in Chennai Fintech City
Plots on offer are part of a multiple-use zone suitable for office, residential, and hospitality
India is emerging global leader in GCC, says RBI monthly bulletin
GCCs are offshore units of multinational corporations that operate across the globe
Share of GCCs in office transactions rose to 35% in 2023: Knight Frank
Chennai witnessed the highest GCC focussed transactions at 6 msf, followed by Hyderabad at 4.1 msf and Bengaluru at 3.8 msf
GCCs focus on retention strategies, fintechs turn to local language tools
As companies continue to grow and invest in disruptive technologies, they have to ensure there is a sufficient supply of talent as they scale operations
TMS Ep593: Real estate boom, Bollywood's revival, Pulkit Agarwal, GCCs
What's behind the rush to own a flat in Indian metros? Was 2023 the year Bollywood bounced back? Will crude oil hit the $120 a barrel mark in 2024? What are global capability centres? Answers here
ANSR to set up about 25 large-scale global capability centres in India
"We are currently doing one every three weeks and we are looking at setting up one every two weeks next year… the large-scale GCCs are of companies with revenues of over $10 billion," Ahuja said
NYSE-listed Waters Corp invests $16 million in new GCC in Bengaluru
Waters Corporation has about 450 employees in India and plans to hire another 300 for its new GCC in Bengaluru
Indian GCCs becoming a sandbox for global organisations: Nasscom V-C
SAP Labs India is the largest research and development (R&D) hub of the company globally, with 40 per cent of its global R&D conducted in India
Aster DM Healthcare sells stake in Gulf business for $1.01 billion
Aster to separate its India and GCC businesses to unlock value
Indian GCCs emerge as stepping stone on the route to corner office
The number of MD promotes from India has grown 16.6 per cent despite the global MD promotion class size shrinking by 5.4 per cent as compared to 2021
Demand for workspaces eases on global downturn; shift to office holds hope
Employers' push for increased physical occupancy in offices may prove to be another tailwind for office leasing
Global slowdown blues will stall demand for office space this year: Crisil
IT firms and Global Capability Centres (GCCs) of multinational corporations are expected to keep demand modest in the near term amid global economic headwinds
UP, Bihar replace Kerala as top contributor of workforce to GCC countries
The top five labour-sending states so far this year have been Uttar Pradesh, Bihar, Kerala, West Bengal, and Tamil Nadu, according to a study by Huntr
GCCs to lease 62 million sq. ft. in India by 2025: CBRE Asia report
By 2025, it is estimated that there will be about 1,900 total operational GCCs in the country, up from the existing 1,580
